I literally get so many messages from friends family and other contacts about bitcoin (and also MAID ) these days, but still donât feel like its majorly mainstream yet. Canât use it at Walmart
So Iâm wondering about the room it has to grow. Itâs definitely spreading like a virus
And all the BTC progress / noise is only paving the way and getting society ready for a true digital cash currency and internet (SafeCoin) so I very much support and welcome it
P.S. SafeCoin instantly confirming transactions is totally something I could see replacing visa etc at Walmarts. Cheaper and more secure for the store
Some have predicted it and seeing as its at 10K with some big funds just starting to list it as an option or part of a managed fund then it has the potential to go a lot further assuming nothing bad happens.
Seeing as BTC has a 0.000015xx resolution issue where you can specify it to 8 places but really only have 5 1/2 digits of resolution then about 0.1 mBTC at 10$ (100K/BTC) will be a major resistance/sticking point since the $1 resolution cannot be had. Mind you it could go a lot higher
EDIT: I never went into the lowest resolution for BTC so if its like 0.0000057x then Iâd say 200K/BTC will be a sticking point.
I smile at the thought of this everytime someone pops up complaining about the lack of price action with MAID. If we froze time right now at a similar market cap to Btc weâd be looking at what a 50 odd dollar Safecoin. That doesnât even take into account recycling and speculation (which will likely be nutso)
Now fast forward X period of time if Btc continues its epic run, what would the equivalent market cap be on a working Safecoin at that time?
That line of thinking doesnât even take into account the ubiquitous nature of the network and the digital cash side of the equation.
However you choose to do it over these next few alphas accumulate, accumulate, accumulate, 50 cents is honestly a ridiculously good punt
Yep. Still accumulating. All cash for this month however went into finishing my home server/network so that itâll be ready to go at a minutes notice for vaulting.
It walmarkt accept visa then i think you soon can spend it there aswell with the Tenx card. Im from europe and already received the tenx card and its super easy and fast and everywhere with visa you can just spend some crypto (more pairs will be added soon like eth and dash)
You ainât seen nothing yet. Unless âGovernmentsâ go paranoid and do something rash, Bitcoin is going to have many of the features that many of the current altcoins have. Namely:
Noob question (I donât have much exp in business or trading) -
Total safecoin supply is 4 billion. Isnât it right? I see people speculating that maid has the potential to reach several hundred (I saw someone even going for thousand) USD if the project is successful. Isnât it too much to hope for as 4billion seems like a huge number to me? I see that most of the coins with >100 USD value has total supply of less than 200 million.
The max supply is 4.3B coins. However, it will likely be decades before there are ever that many coins in existence at once (if ever) because
The network will kick off with the number of MAID coins (converted to Safecoins) in existence + early investorsâ coins (~600M coins)
Many of those coins may likely remain on exchanges/in private wallets or be âburnedâ in exchange for services
Because coins are destroyed once used that naturally limits growth in total coins available
The farming algorithm will adjust how many coins are available based on size of the network
Divisibility, once solved, will address micro payments
When you think about it, the current internet is about 20 years old. In that timeframe, its value went from $0 to ~$20T. One way to think of potential coin value would be: if you say that it takes Safe a decade or two post launch to reach maturation, apply a percentage of âmarket shareâ if you will that SAFE could capture and divide that by 4.3B coins.
Generally agreed on multiple fronts. The first time I performed this analysis, I also took into account that of the 7.6B people on earth in 2017, only ~50% of people have access to the internet. The number of internet users has grown by ~12% annually with a standard deviation of ~3% over the past 10 years. Based on these calculations we could theoretically achieve a ~100% global user rate by 2025 (holding constant for sociopolitical strife etc. which would suppress the growth rate, and much like freight I think the âlast mileâ so to speak will be the trickiest and most expensive part to complete).
Due to lack of access to a better data set I backed into an average growth rate for the value of the internet over the past 23 years (~4.8% annually).
You combine these two thought exercises together and weâre looking at the value of the internet being ~$30T in 2025. Thatâs just from sheer organic growth and doesnât even take into account the innovations youâve mentioned
Not entirely sure what nuance youâre calling out here. Market cap is the total number of coins in circulation (not absolute total coins) multiplied by the average per coin price. So, if the value for the internet is ~$30T in 2025, SAFE seizes 10% of the value by that time, and ~1B Safecoins are in existence at that time, then the price would be $3,000 per coin.
This of course is very rough math. For example, it doesnât take into account value-increasing innovation that could allow SAFE to secure more of the internets value (upward pressure on price). It also does not take into account the difficulty of the farming algorithm (if easier could result in more coins at that time placing downward pressure on price). Those are just a few weak points in the analysis, but it helps to construct a hopefully helpful picture of the potential.
Internet takeover is one thing, but what about all the other stuff⌠black market? store of value? currency? Released spare capacity from a planet overflowing with it?
These things always sound silly from the bottom (lol to saying that at 50c). It sounded really silly when we all said BTC could be worth $1M years ago, now the forecasters are all saying $100k-$1M or bust in the next 3-5 years.
When I found SAFE I got goosebumps⌠repeatedly. If it does what it is supposed to do then I really think the skyâs the limit. Youâre spot on not to calculate the entire 4.3bn as so many make the mistake of doing. If the network is a big success we can expect a lot of coins to be being âusedâ.
I wonder, when divisibility comes if weâll call the fractions of a SafeCoin âIrvinesâ?
Whatever happens and however far it goes, IF SAFE works itâs going to be frickinâ HUGE!
Thats why crypto in general can move so fast, not everything is available and we can see insane prices on some coins without beeing the true value just based on for example locked value or lost value
MAID struggling to break that 60 cents barrier. Wonder how long till it reaches the elusive $1 ! 3 months? 6 months? Surely itâs just a matter of time now, not even an ifâŚ
Yeah, the fiat price of MAID makes me think just how much weâve lost against BTC. If one MAID equaled 10k Sat at the time of writing, that would constitute of more than $1.1. And 10k Sat we considered a a minimum against BTC and a strong support line.
If MAID was at itâs highs of about and over 20k Sat we would be looking at more than $2 a coin and market cap of about a billion.
Dare I dream of MAID gaining value faster than BTC?
Itâs looking like the top 20 crypto will soon be a billion $ + market cap each⌠eventually this will filter down. Just a matter of when I suppose. Separating the wheat from the chaff will eventually come into play, hence MAID should see a nice healthy rise. Iâm 99% that is what will happen.
Hard to resist recalling the above even though it wasnât a prediction as such.
I think making predictions is a sign of misunderstanding markets BTW. You can look at likely scenarios though and position yourself to benefit from what you expect to happen some time. Learn to act rationally and to resist emotional pressures. Which brings me to the reason for posting today.
I would not be at all surprised to see MAID go significantly lower, but just as the above was based on a long period since weâd seen anything below 9, it is also a long time since weâve seen MAID rise to new highs, which I expect will happen some time.
Iâm not convinced that this will happen soon - timing things is the hardest and therfore riskiest strategy - but I would also not be surprised if MAID is approaching a low that will turn into a long, bumpy no doubt, rise. Maybe not to a new BTC high, but a significant way towards it.
There may be another low or lows before we exceed the previous high, so that could be a long way off. Or perhaps it will be in the next long rally. Who knows.
Thing is, those who are convinced of the merits of SAFEnetwork donât have to get the timing right, so long as you can afford to wait. So thatâs where to take care - as we know, timescales are not to be relied on, but also donât be surprised if thereâs a rally when hardly anybody expects it.
After alpha2 many seemed disappointed that MAID didnât react. Donât be! Markets donât work like that.
Most often in my experience they do the opposite of what you expect when an event happens. So Iâd expect the next long rally to begin before such an event, while others are asleep, attention elsewhere, or between them, or after a disappointment etc.
So my theme here is to suggest itâs not a good idea to try to predict timing. You may expect the rally to come, in which case be ready for it whenever that happens, next week, next year etc. But donât get caught out thinking, well I donât need to do anything until X because if too many think the same way thatâs when the trickster that is the market will catch you out.
Itâs just that they keep creating more chaff. If they would stop with the creation of new chaff, I think the existing chaff would indeed fall to the floor. The new chaff creation is aggravating and is pressing down on our lonely grain of wheat.
Well I could be a smartass and say you are looking at the wrong fiat currency Its 75 cents aussie and I always thought Iâd have started selling when it reached 50 cents aussie. Well I have moved that up.
It has been creeping up. I made a note in this topic around the time the last fork was still in play and the USD price was just over $0.40 and now its $0.57 Not bad for a month or two.
And for some of us we have to consider the best time to withdraw some due to age and wanting to maximise enjoyment of a portion of our âinvestmentâ
) these days, but still donât feel like its majorly mainstream yet. Canât use it at Walmart 
etc at Walmarts. Cheaper and more secure for the store
Its 75 cents aussie and I always thought Iâd have started selling when it reached 50 cents aussie. Well I have moved that up.